Lodestar Investment Counsel LLC IL held its stake in Valero Energy Corporation (NYSE:VLO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,515 shares of the oil and gas company’s stock at the end of the second quarter. Lodestar Investment Counsel LLC IL’s holdings in Valero Energy Corporation were worth $574,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of VLO. Manning & Napier Advisors LLC boosted its position in shares of Valero Energy Corporation by 9.7% in the first quarter. Manning & Napier Advisors LLC now owns 61,581 shares of the oil and gas company’s stock worth $4,081,000 after buying an additional 5,461 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Valero Energy Corporation by 3.2% in the first quarter. Raymond James Trust N.A. now owns 16,985 shares of the oil and gas company’s stock worth $1,126,000 after buying an additional 534 shares in the last quarter. National Pension Service boosted its position in Valero Energy Corporation by 0.7% in the first quarter. National Pension Service now owns 375,067 shares of the oil and gas company’s stock valued at $24,841,000 after buying an additional 2,608 shares during the period. First American Bank boosted its position in Valero Energy Corporation by 0.6% in the first quarter. First American Bank now owns 19,652 shares of the oil and gas company’s stock valued at $1,303,000 after buying an additional 117 shares during the period. Finally, E&G Advisors LP bought a new position in Valero Energy Corporation during the first quarter valued at $365,000. 78.88% of the stock is owned by institutional investors and hedge funds.
Shares of Valero Energy Corporation (NYSE VLO) traded up 0.31% on Friday, reaching $64.75. 3,082,623 shares of the company were exchanged. The stock’s 50-day moving average is $67.47 and its 200 day moving average is $66.09. The firm has a market capitalization of $28.60 billion, a PE ratio of 15.98 and a beta of 1.21. Valero Energy Corporation has a 12-month low of $51.17 and a 12-month high of $71.40.
Valero Energy Corporation (NYSE:VLO) last posted its quarterly earnings data on Thursday, July 27th. The oil and gas company reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.15. Valero Energy Corporation had a return on equity of 8.59% and a net margin of 2.17%. The company had revenue of $22.25 billion during the quarter, compared to analysts’ expectations of $19.32 billion. During the same quarter in the previous year, the business earned $1.07 EPS. Valero Energy Corporation’s revenue was up 13.6% compared to the same quarter last year. On average, analysts forecast that Valero Energy Corporation will post $4.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Wednesday, August 9th will be issued a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Monday, August 7th. Valero Energy Corporation’s payout ratio is currently 69.14%.
VLO has been the subject of several research analyst reports. Credit Suisse Group reiterated a “hold” rating and issued a $65.00 price target on shares of Valero Energy Corporation in a report on Wednesday, June 21st. Citigroup Inc. reissued a “neutral” rating and issued a $70.00 price objective (up previously from $69.50) on shares of Valero Energy Corporation in a research report on Saturday, April 22nd. Morgan Stanley lowered shares of Valero Energy Corporation from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $77.00 to $70.00 in a research report on Tuesday, May 30th. BidaskClub raised shares of Valero Energy Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) lowered shares of Valero Energy Corporation from a “buy” rating to a “neutral” rating and upped their price target for the stock from $65.55 to $73.00 in a research report on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $71.59.
In other Valero Energy Corporation news, Director Susan Kaufman Purcell sold 5,151 shares of Valero Energy Corporation stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $64.68, for a total transaction of $333,166.68. Following the completion of the sale, the director now directly owns 9,866 shares of the company’s stock, valued at approximately $638,132.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.45% of the company’s stock.
Valero Energy Corporation Company Profile
Valero Energy Corporation (Valero) is an independent petroleum refiner and ethanol producer. The Company’s segments include refining, ethanol and Valero Energy Partners LP (VLP). The refining segment includes its refining operations and the associated marketing activities. The ethanol segment includes its ethanol operations and the associated marketing activities, and logistics assets that support its ethanol operations.
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